Disney Interactive Lays Off 700 Workers

Walt Disney Co.'s long-troubled interactive unit is laying off 700 workers, or about one-quarter of its staff, as it continues to consolidate its online and videogame businesses.

The cuts have been in the works since last month, as reported earlier by The Wall Street Journal, although the number of layoffs is on the high end of expectations. Along with eliminating jobs, Disney will produce fewer games for such social networks as Facebook and less online content for families and mothers. The media giant had already pulled...